While nobody wants to think about tragic situations such as the death of an employee, it’s best to have a list of items to take care of should one of your employees pass away. Having a plan of action in place will help you stay organized and ensure all necessary items are addressed properly.
Prior to the death of an employee, and on an at least annual basis, it is recommended that you have employees review and update personnel forms. These forms include emergency contacts, their life insurance and 401k forms, and health medical savings accounts. There are many life events that can occur throughout your employees’ time with your company that can affect how their end of life benefits are administered (when applicable) such as separation, divorce, or death within their family resulting in a change of beneficiary information. Continue reading